News Releases

March 03, 2008

Regulator Named to Head State’s Captive Insurance Division in Vermont

David F. Provost to Become Deputy Commissioner

Montpelier, VT - When long-time regulator Leonard Crouse, CFE, retires as Deputy Commissioner of the state’s Captive Insurance Division in June, David F. Provost, CFE, will step up to the post. Provost is an Assistant Chief Examiner in the Division who has risen in the ranks under Crouse’s leadership since 2001. He has a total of 18 years in the captive insurance field in both the private and regulatory arenas.

He has handled client advisory services, accounting, systems management, program development, marketing, captive formation, licensing and regulation. He previously served as Assistant Regional Director for AIG Insurance Management Services, and managed accounts and systems at Sedgewick Management Services (US) Ltd., and Johnson and Higgins Services, Inc. He has served as Treasurer of the Vermont Captive Insurance Association and been an energetically involved and well-spoken

figure in the captive industry.

Under Leonard Crouse’s leadership, Vermont grew to become the premier domicile for captive insurance companies. The Captive Insurance Division is housed in the Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA). The Deputy position oversees the Captive Insurance Division and is responsible for the administration and regulation of captive insurance companies and risk retention groups.

Source: Banking, Insurance, Securities Health Care Administration
Last Updated at: March 03, 2008 12:26:19